My choose of final week’s information is the FCA’s ban on debt packagers. It’s a small however very welcome step in the appropriate course. If solely the Insolvency Service would do the identical!
Debt information
Monetary watchdog bans referral charges for debt packagers to assist struggling shoppers FCA: The ban ought to save shoppers fighting debt hundreds of kilos in pointless charges and guarantee they obtain higher high quality recommendation. It’ll put a cease to the enterprise mannequin which incentivises debt packagers to suggest sure choices that make them extra money moderately than what’s within the buyer’s greatest curiosity. My remark – finally! The FCA first proposed this in December 2021, and even now it isn’t coming in till October.
Enterprise money owed:
Morses Membership borrower? It’s launched a brand new redress scheme for mis-sold loans MSE: the proposed Scheme has been authorised and debtors now have 6 months to submit a declare
Lecturers pressured to decide out of beneficiant pension schemes, costing them £8k for each misplaced yr iNews: Specialists have warned that opting out of the beneficiant pension scheme ought to be a ‘final resort’, however some lecturers say they’ve been left with no alternative
How the Put up Workplace gagged postmasters with false confidentiality claims Tax coverage weblog: the Put up Workplace falsely asserted that its settlement affords had been confidential. They weren’t. However that falsehood intimidated postmasters into not evaluating affords with one another, not talking to family and friends, and never going public. 90% by no means even spoke to a lawyer.
Second Manchester council was pressured to droop city corridor assembly resulting from protesters Manchester Night Information: Members of neighborhood union Acorn had been calling on the council to finish their use of bailiffs.
Rents rise to report ranges with the South West seeing costs up 3% in a month as consultants warn tenants are struggling to maintain up Mail: Typical rents had been £1,213 a month in Could, up 1.2% on the earlier month
Financial institution of Scotland, Halifax and Lloyds to shut 53 extra branches MSE: right here’s the total listing, plus alternate options
Advantages
The tattered state: Falling by the social security web Educational paper: Analysing particular insurance policies inside the new patterns of welfare spending, we argue that austerity insurance policies have compromised the UK state’s promotion of an ethics of care.
Precisely how a lot of your wage bankrolls the welfare state Telegraph: Britain isn’t working – calculate what it’s costing you
Two-child restrict on UK welfare advantages ‘has didn’t push dad and mom into jobs’ Guardian: Coverage misunderstands realities of caring roles and has left lots of of hundreds of households in poverty, research finds
DWP accused of ‘denying individuals their rights’ after rejecting 90% of incapacity profit appeals Huge Situation: The DWP mentioned it made the appropriate choice within the ‘majority’ of circumstances however has been accused of cruelty by campaigners.
Common fundamental earnings of £1,600 a month to be trialled in two locations in England Guardian: Scheme to run for 2 years and contributors can be monitored to see what impact it has on psychological and bodily well being
Self-employed Brits caught by Common Credit score ‘lure’ – as numbers DOUBLE in a yr Mirror: The variety of self-employed households receiving Common Credit score who’re topic to the ‘Minimal Revenue Ground’ (MIF) – which cuts their profit funds – greater than doubled in a yr to February 2023
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